Helium One Global Ltd - Jackson-31 Spud at Galactica Project
Helium One Global (HLOGF) announces the spudding of the Jackson-31 development well at its Galactica helium project in Colorado, where it holds a 50% working interest. The well's shallow conductor section has been set, with BOPs being installed before drilling the intermediate hole section. The well targets the Lyons Formation and will undergo wireline logging and flow testing upon reaching Target Depth.
The Galactica/Pegasus development, discovered by Blue Star in 2022, has shown promising results with four existing discoveries delivering gas flows of 125 to 412 Mcfd with helium concentrations between 2.0% and 6.1%. The State-16 well, drilled in June 2024, demonstrated production capability of up to 441 Mcfd with 1.9% helium content and identified 96+ feet of gas column.
Helium One Global (HLOGF) annuncia l'inizio della perforazione del pozzo di sviluppo Jackson-31 nel suo progetto di elio Galactica in Colorado, dove detiene una partecipazione lavorativa del 50%. La sezione conduttrice superficiale del pozzo è stata completata, con l'installazione dei BOP prima della perforazione della sezione intermedia. Il pozzo mira alla Formazione Lyons e subirà logging con cavo e test di flusso al raggiungimento della profondità target.
Lo sviluppo Galactica/Pegasus, scoperto da Blue Star nel 2022, ha mostrato risultati promettenti con quattro scoperte esistenti che forniscono flussi di gas da 125 a 412 Mcfd con concentrazioni di elio tra il 2,0% e il 6,1%. Il pozzo State-16, perforato a giugno 2024, ha dimostrato una capacità produttiva fino a 441 Mcfd con un contenuto di elio dell'1,9% e ha identificato una colonna di gas di oltre 96 piedi.
Helium One Global (HLOGF) anuncia el inicio de la perforación del pozo de desarrollo Jackson-31 en su proyecto de helio Galactica en Colorado, donde posee un interés de trabajo del 50%. Se ha establecido la sección conductora superficial del pozo, con la instalación de BOPs antes de perforar la sección intermedia. El pozo tiene como objetivo la Formación Lyons y se someterá a registros de cable y pruebas de flujo al alcanzar la profundidad objetivo.
El desarrollo Galactica/Pegasus, descubierto por Blue Star en 2022, ha mostrado resultados prometedores con cuatro descubrimientos existentes que entregan flujos de gas de 125 a 412 Mcfd con concentraciones de helio entre el 2,0% y el 6,1%. El pozo State-16, perforado en junio de 2024, demostró una capacidad de producción de hasta 441 Mcfd con un contenido de helio del 1,9% e identificó más de 96 pies de columna de gas.
Helium One Global (HLOGF)는 콜로라도의 Galactica 헬륨 프로젝트에서 Jackson-31 개발 유정의 시추를 시작한다고 발표했습니다. 이 프로젝트에서 50%의 작업 지분을 보유하고 있습니다. 유정의 얕은 도관 섹션이 설정되었으며, 중간 구멍 섹션을 시추하기 전에 BOP가 설치되고 있습니다. 이 유정은 Lyons Formation을 목표로 하며 목표 깊이에 도달하면 와이어라인 로그와 유량 테스트를 진행할 예정입니다.
2022년 Blue Star에 의해 발견된 Galactica/Pegasus 개발은 125에서 412 Mcfd의 가스 흐름을 제공하는 네 가지 기존 발견으로 유망한 결과를 보여주었으며, 헬륨 농도는 2.0%에서 6.1% 사이입니다. 2024년 6월에 시추된 State-16 유정은 1.9% 헬륨 함량으로 최대 441 Mcfd의 생산 능력을 보여주었고, 96피트 이상의 가스 기둥을 확인했습니다.
Helium One Global (HLOGF) annonce le début du forage du puits de développement Jackson-31 dans son projet de hélium Galactica au Colorado, où il détient un intérêt de travail de 50 %. La section conductrice superficielle du puits a été mise en place, avec l'installation de BOP avant de forer la section intermédiaire. Le puits cible la formation Lyons et subira un enregistrement par fil et des tests de débit à l'atteinte de la profondeur cible.
Le développement Galactica/Pegasus, découvert par Blue Star en 2022, a montré des résultats prometteurs avec quatre découvertes existantes fournissant des flux de gaz de 125 à 412 Mcfd avec des concentrations d'hélium entre 2,0 % et 6,1 %. Le puits State-16, foré en juin 2024, a démontré une capacité de production allant jusqu'à 441 Mcfd avec un contenu en hélium de 1,9 % et a identifié plus de 96 pieds de colonne de gaz.
Helium One Global (HLOGF) gibt den Beginn der Bohrung des Entwicklungsbohrlochs Jackson-31 in seinem Heliumprojekt Galactica in Colorado bekannt, wo es einen Arbeitsanteil von 50% hält. Der flache Leitungsabschnitt des Bohrlochs wurde gesetzt, und BOPs werden installiert, bevor das mittlere Bohrloch gebohrt wird. Das Bohrloch zielt auf die Lyons-Formation und wird bei Erreichen der Zieltiefe einer Drahtseilmessung und Fließtests unterzogen.
Die Entwicklung Galactica/Pegasus, die 2022 von Blue Star entdeckt wurde, hat vielversprechende Ergebnisse gezeigt, wobei vier bestehende Entdeckungen Gasströme von 125 bis 412 Mcfd mit Heliumkonzentrationen zwischen 2,0% und 6,1% liefern. Das Bohrloch State-16, das im Juni 2024 gebohrt wurde, zeigte eine Produktionsfähigkeit von bis zu 441 Mcfd mit einem Heliumgehalt von 1,9% und identifizierte eine Gassäule von über 96 Fuß.
- Four existing discoveries show significant gas flows (125-412 Mcfd) with high helium concentrations (2.0-6.1%)
- State-16 well capable of producing up to 441 Mcfd with 1.9% helium content
- 96+ feet of gas column identified in State-16 well
- None.
LONDON, GB / ACCESS Newswire / February 19, 2025 / Helium One Global (AIM:HE1), the primary helium explorer in Tanzania with a
Summary
Jackson-31 well spudded at the Galactica helium project
Currently preparing to drill intermediate hole section
The Company is pleased to announce the spudding of the Jackson-31 SENW 3054 development well at its Galactica helium project in Las Animas County, Colorado.
The shallow conductor section has been set, and the BOPs are now being installed and tested ahead of drilling out the intermediate hole section. After casing at the base of the intermediate section, the well will target the Lyons Formation, with Target Depth ("TD") planned within the Upper Lyons Formation gas reservoir.
When TD is reached, wireline logging will then be undertaken, followed by flow and pressure readings at the wellhead. This data will be used to estimate the potential of the well based on the production model.
Jackson-31 is anticipated to be completed and ultimately tied-in to production facilities.
Galactica/Pegasus Development
The Galactica project forms part of the broader Galactica/Pegasus development, discovered by Blue Star in 2022. This large-scale project offers multiple potential product streams. Four existing discoveries at Galactica/Pegasus (JXSN-1 to JXSN-4) have delivered gas flows of 125 to 412 thousand cubic feet per day ("Mcfd") to 412 Mcfd with high helium concentrations of between
Blue Star further appraised the discovery with the State-16 well which was drilled in June 2024. Independent engineering consultants advised that State-16 is capable of producing up to 441 Mcfd with more stabilised rates constrained for production optimisation, projected to be between 250 Mcfd and 350 Mcfd. The well tested
The third-party owned Red Rocks helium project adjoins Blue Star's Galactica Project (see map below). Development of Red Rocks further supports the commercialisation of the Galactica Project.
Blue Star has been advancing engineering work on Galactica related to CO2 removal, purification and sale prior to helium processing via the IACX helium recovery unit. Engineering and market analysis continues to optimize development configurations, production forecasts, and cost estimates.
For further information please visit the Company's website: www.helium-one.com
Contact
Helium One Global Ltd | +44 20 7920 3150 |
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Panmure LiberumLimited (Nominated Adviser and Joint Broker) | +44 20 3100 2000 |
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Zeus Capital Limited (Joint Broker) | +44 20 3829 5000 |
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Tavistock(Financial PR) | +44 20 7920 3150 |
Notes to Editors
Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting licences across two distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market.
The Rukwa and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country. These assets lie near surface seeps with helium concentrations ranging up to
The Company's flagship southern Rukwa Project is located within the southern Rukwa Rift Basin covering 1,664km2 in south-west Tanzania. This project is considered to be entering an appraisal stage following the success of the 2023/24 exploration drilling campaign, which proved a helium discovery at Itumbula West-1 and, following an extended well test, successfully flowed
Following the success of the extended well test, the Company has now flowed significant quantities of helium to surface and has filed a Mining Licence application with the Mining Commission of the Tanzanian Government.
The Company also owns a
Helium One is listed on the AIM market of the London Stock Exchange with the ticker of HE1 and on the OTCQB in the United States with the ticker HLOGF.
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SOURCE: Helium One Global Ltd
View the original press release on ACCESS Newswire
FAQ
What are the helium concentration levels in HLOGF's Galactica-Pegasus discoveries?
What is the production capacity of HLOGF's State-16 well drilled in June 2024?
What is the target formation for HLOGF's Jackson-31 development well?
How much gas column was identified in HLOGF's State-16 well?
